Advisers argue they need to see participant information to do holistic planning and be fiduciaries.
Private-equity firms have snapped up a bunch of record keepers, perhaps motivated by access to millions of participants to whom they can sell a variety of financial product
More than 200,000 inexperienced retirement plan advisers aren't going to exit the market overnight.
401(k) plans have changed markedly over the past few decades, through the proliferation of mutual funds and the growth of target-date funds and automatic plan-design features. What's next?
Why asset manager units focused on these plans, facing some harsh realities, are in a state of change.
The regulation may not cause a flood of new referrals as non-specialists exit the 401(k) market. It might actually have the opposite effect.
Building a successful defined-contribution business is much different than growing one focused on individuals.
